I read that WSJ profile of him and it was interesting. Seems like his big insights are: SaaS products give predictable revenue that can be borrowed against. SaaS products have overlapping requirements: sales incentives, pricing models...that can be reused to improve margin
Does anyone in tech actually believe this and respect Robert Smith?https://twitter.com/thogge/status/1135386532104232963 …
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Good summary. Have you heard of any of these companies?https://www.vistaequitypartners.com/companies/
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....yes.
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I feel this. I think this is more of an issue with abstractions, vendor opportunity, and missing the mark with value props than it is all offerings converging. E.g. Everybody has to build subscription management— doesn’t mean everyone is valued for subscription management.
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At an operational level, he's not wrong. The dirty secret of "tech" is that most of it is solved problems, but people are so bored or ignorant that they think they need to come up with novel, and broken ways of re-solving them.
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There are tech companies that are actually solving hard problems and doing novel things. But 95% of it is the same CRUD operations against a database, that people have been doing since before I was born. Just with layers and layers and layers of lipstick caked on the pig.
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